Explaining its architecture, founder 'Markus Kristian Kangas had this to say when contacted by Techworld:

"Bitdrop is a Swiss company with engineering offices in Zurich, Switzerland which gives us more freedom toward US legislation - we are not an American company or affiliated to any American company. We use a flexible server architecture that is not tied to any specific location."

One slight issue is that the launch app is iPhone-only although an Android app is promised, as is a version for web-to-web transfers. The company is also a total unknown so issues such as longevity, support and security must be taken on trust. The app costs $4.99 (£3.20).